Nordea Bank (OTCMKTS:NRDBY) Shares Gap Down – What’s Next?

Shares of Nordea Bank AB (OTCMKTS:NRDBY) gapped down prior to trading on Thursday . The stock had previously closed at $18.34, but opened at $17.44. Nordea Bank shares last traded at $18.3660, with a volume of 2,978 shares changing hands.

Analyst Upgrades and Downgrades

NRDBY has been the subject of a number of recent research reports. Citigroup restated a “buy” rating on shares of Nordea Bank in a research note on Thursday, April 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Nordea Bank in a research note on Tuesday. Finally, Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Nordea Bank Stock Up 0.7%

The company has a 50-day moving average of $18.24 and a two-hundred day moving average of $18.49. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market capitalization of $62.64 billion, a PE ratio of 11.55, a P/E/G ratio of 2.02 and a beta of 0.64.

Nordea Bank (OTCMKTS:NRDBY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Nordea Bank had a return on equity of 15.15% and a net margin of 22.65%.The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Sell-side analysts anticipate that Nordea Bank AB will post 1.63 earnings per share for the current fiscal year.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.